India's Midwest falls after regulator halts operations at Andhra Pradesh mine

Midwest

08/10/2026 06:00

** Shares of exploration and natural stone mining company Midwest Ltd MIDW.NS down 1.5% at 1,050.70 rupees
** Stock snaps five consecutive sessions of gains
** Director of Mines Safety issued a prohibitory order the  following collapse of the side of a mine located in Chimakurthy, Andhra Pradesh state
** Order prohibits extraction at the mine until obstacles are removed
** Co says the collapse impacted a few benches, affecting stability and resulting in operational and safety concerns
** YTD, shares down 38.93%

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))